Galiano Gold Inc (GAU)

[Talldude]

Brent Cook weighs in 2.17.2013 with a "brief mention of Keegan story".....

Keegan Resources: Analyst targets of up to $15 as the company raised $213 million at $7.50 in early 2011, based on an expanding low grade resource and positive PEA, that overlooked the details of gold mineralization and rising capital costs.>

(Fig. 5: 4-year share price KGN. $2.00 to $9 and down to $3)

Ah, some math:
$213mm raised in early 2011
$32.5mm raised in late 2012
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current reported COH: $220mm